rocket domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/befikry/energyscan.befikry.com/wp-includes/functions.php on line 6121
The strong easing of gas and oil prices has allowed a slight easing of long rates. In addition, the fear of a US default is receding in the short term as both Republicans and Democrats seem ready to raise the debt ceiling until the end of the year. The debates on the Biden plans (infrastructure on the one hand, social and fiscal on the other) will resume. European equity markets fell sharply, but the trend was reversed in the United States and the rebound was confirmed in Asia and now at the opening of the European markets.
On the economic front, the ADP survey showed 568k private sector jobs created in the US in September, which seems to guarantee good employment figures tomorrow and therefore an announcement of the start of the Fed’s asset purchase reduction as early as November 3rd. On the other hand, Europe was a bad surprise with the sharp decline in German production in August (-4% m/m), which is probably once again linked to the automotive sector, whose activity is restricted by the shortage of semiconductors. German GDP growth estimates for Q3 will be revised sharply downwards.
“>Today: energy prices of course, US jobless claims figures and the budget and debt talks in the US Congress. The recovery of the EUR/USD exchange rate (which touched 1.1529 and is now trading around 1.1570) could be hampered by the poor German figures.
Get more analysis and data with our Premium subscription
Ask for a free trial here